Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _______________ Commission File No. 001-38258 MERCHANTS BANCORP (Exact name of registrant as specified in its charter) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _______________ Commission File No. 001-38258 MERCHANTS BANCORP (Exact name of registrant as specified in its charter) ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _______________ Commission File No. 001-38258 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 MERCHANTS BANCORP For the quarterly period ended September 30, 2025 (Exact name of registrant as specified in its charter) ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q __________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35151 ___________________________________________________________________ ...

Financial Performance - Revenues for Q3 2025 reached $74,012,000, a 19.5% increase from $61,943,000 in Q3 2024[10] - Gross profit for Q3 2025 was $23,674,000, compared to $15,942,000 in Q3 2024, reflecting a 48.8% increase[10] - Net income for the three months ended September 30, 2025, was $12.374 million, up 58.5% from $7.806 million in 2024[60] - Operating income for Q3 2025 was $13,968,000, significantly higher than $6,973,000 in Q3 2024, representing a 100.4% increase[10] - Revenues for the nine-month period ended September 30, 2025, were $202.2 million, consistent with $202.5 million reported in the comparable 2024 period, with a 3% increase in sales volume offset by a 3% decline in selling prices[142] - Gross profit for the nine-month period ended September 30, 2025, was $58.6 million, with a gross margin of 29%, down from $59.9 million and 30% in the same period of 2024[143] Assets and Liabilities - Total current assets increased to $234,359,000 as of September 30, 2025, up from $195,512,000 at the end of 2024[8] - Total liabilities rose to $73,057,000 as of September 30, 2025, compared to $56,802,000 at the end of 2024[8] - Cash and cash equivalents at the end of Q3 2025 were $89,681,000, compared to $70,134,000 at the end of 2024, marking a 27.9% increase[8] - The company's inventory as of September 30, 2025, was valued at $97.414 million, an increase from $96.247 million as of December 31, 2024[79] - Trade receivables at September 30, 2025, were $25.4 million, an increase of $11.8 million from $13.6 million at December 31, 2024[151] Cash Flow and Operating Activities - Cash provided by operating activities for the nine months ended September 30, 2025, was $29,381,000, down from $71,103,000 in the same period of 2024[17] - Net cash provided by operating activities for the nine-month period ended September 30, 2025, was $29.4 million, compared to $71.1 million for the comparable 2024 period[152] Share Repurchase and Acquisitions - The Company completed the acquisition of USA Refrigerants and B&B Jobber Services for approximately $20.7 million in cash, with a potential contingent payment of up to $2.0 million[24] - The Company incurred $5,820,000 in share repurchases during the nine months ended September 30, 2025[17] - During the nine-month period ended September 30, 2025, the Company repurchased 939,259 shares for a total of $5.8 million at an average price of $6.20 per share[122] - The acquisition resulted in the recognition of $14.5 million of goodwill, with $12.9 million being tax-deductible[119] Debt and Financing - The Company has borrowing availability of approximately $40 million from the Amended Wells Fargo Facility as of September 30, 2025, with no outstanding balance[114] - The Amended Wells Fargo Facility requires the Company to maintain minimum liquidity of at least $5 million, with at least $3 million from availability[108] - The Amended Wells Fargo Facility has a maturity date of March 2, 2027, unless terminated sooner due to an event of default[167] Market and Regulatory Environment - The AIM Act mandates a cumulative 40% reduction in HFC production and consumption from baseline levels for the years 2024 through 2029[28] - The Company is exposed to market risks from fluctuations in the demand, price, and availability of refrigerants, which could materially affect revenue[177] Tax and Accounting - The company assesses uncertain tax positions and believes it had no uncertain tax positions as of September 30, 2025[59] - The company is currently evaluating the impact of new accounting standards, including ASU 2023-09 and ASU 2024-03, on its consolidated financial statements[71][72] Stock Options and Compensation - The intrinsic value of options outstanding at September 30, 2025, was $16.8 million, compared to $8.6 million at December 31, 2024[100] - Share-based compensation expense for the nine-month periods ended September 30, 2025, and 2024 was $0.6 million and $0.8 million, respectively[92]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________________ to__________________________ Commission File Number: 001-42196 AA Mission Acquisition Corp. (Exact name of registrant as specif ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40538 ALPHA TEKNOVA, INC. (831) 637-1100 Registrant's telephone number, including area code (Exact name of registrant as spec ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2025 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File Number: 001-41318 THE MARYGOLD COMPANIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Empl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File No. 001-14778 SOLIGENIX, INC. (Exact name of registrant as specified in its charter) DELAWARE 41-15050 ...

Financial Results - Biglari Holdings Inc. reported its financial results for Q3 and the first nine months of 2025, ending September 30, 2025[4] - The press release detailing these results was issued on November 7, 2025[4] - The financial data and performance metrics are included in the attached press release, which is referenced in this report[4]